Alipay Launches AI Payment Infrastructure
Analysis based on 6 articles · First reported May 26, 2026 · Last updated May 27, 2026
The launch of Alipay+'s AI payment infrastructure, including AI Wallet and Token Pay, is expected to significantly boost the agentic commerce ecosystem. This will likely increase transaction volumes and revenue for Alipay+ and its partners like Minimax and StepFun, positively impacting their market valuations. The enhanced security and control features could also drive greater user adoption, further solidifying Alipay+'s market position.
Alipay+ introduced its full-stack AI payment solution, including the world's first AI Wallet and Token Pay, to support the rapid growth of the agentic economy. The AI Wallet provides users with visibility and control over payments made through AI agents, while Token Pay offers a comprehensive payment solution for AI model companies. Alipay+ also launched China's first Agentic Commerce Trust Protocol and an intelligent security system for AI payments. Collaborations with AI model companies like Minimax and StepFun were announced, demonstrating the adoption of Alipay+'s new solutions. This initiative builds on Alipay+ AI Pay, which has already surpassed 100 million users and processed 300 million transactions, accelerating agentic commerce across various use cases in China.
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